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Agency Theory: Methodology, Analysis A Structured Approach to Writing Contracts

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Designing a contract is often more of an economic than a legal problem. A good contract protects parties against opportunistic behavior while providing motivation to cooperate. This is where economics and, especially contract theory, may prove helpful by enhancing our understanding of incentive issu...

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Bibliographic Details
Main Author: Stremitzer, Alexander (auth)
Format: Electronic Book Chapter
Language:English
Published: Bern Peter Lang International Academic Publishing Group 2018
Series:Forschungsergebnisse der Wirtschaftsuniversitaet Wien
Subjects:
Economic theory & philosophy
Economic growth
Agency
Agency-Theorie
Analysis
Approach
asymmetrische Information
Contracts
Joint Ventures
Kontrakttheorie
Methodology
Netzwerk
Outsourcing
private Information
Stremitzer
Structured
Theory
Transaktionsbeziehung
Vertrag
Writing
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Description
Summary:Designing a contract is often more of an economic than a legal problem. A good contract protects parties against opportunistic behavior while providing motivation to cooperate. This is where economics and, especially contract theory, may prove helpful by enhancing our understanding of incentive issues. The purpose of this book is to provide specific tools which will help to write better contracts in real world environments. Concentrating on moral hazard literature, this book derives a tentative checklist for drafting contracts. As an economic contribution to a field traditionally considered an art rather than a science, this treatment also gives much attention to methodological issues.
Physical Description:1 electronic resource (241 p.)
ISBN:b13920
9783631754009
Access:Open Access

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